Iridium Communications Inc. — Director's Dealing 2021

Feb 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Iridium Communications Inc. (IRDM)
CIK: 0001418819
Period of Report: 2021-02-17

Reporting Person: FITZPATRICK THOMAS (Director, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-17	Common Stock	S	25395	$47.79	Disposed	138113	Direct
2021-02-17	Common Stock	S	45195	$48.44	Disposed	92918	Direct
2021-02-17	Common Stock	S	600	$49.22	Disposed	92318	Direct
2021-02-18	Common Stock	M	79681	$6.08	Acquired	171999	Direct
2021-02-18	Common Stock	M	90909	$6.25	Acquired	262908	Direct
2021-02-18	Common Stock	S	60001	$46.59	Disposed	202907	Direct
2021-02-18	Common Stock	S	110589	$47.26	Disposed	92318	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-18	Employee Stock Option (Right to Buy)	$6.08	M	79681	Disposed	2023-03-01	Common Stock (79681)	Direct
2021-02-18	Employee Stock Option (Right to Buy)	$6.25	M	90909	Disposed	2024-01-01	Common Stock (90909)	Direct

Footnotes

F1: The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $47.15 to $48.14, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

F2: The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $48.15 to $49.14, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

F3: The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $49.16 to $49.25, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

F4: The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $45.99 to $46.97, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

F5: The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from $46.99 to $47.38, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

F6: 25% of the shares of common stock underlying the option vested and became exercisable on March 1, 2014 and quarterly thereafter in equal installments on June 1, September 1 and December 1, so that all shares of common stock underlying the option fully vested and became exercisable on March 1, 2017.

F7: 25% of the shares of common stock underlying the option vested and became exercisable on January 1, 2015 and quarterly thereafter in equal installments on April 1, July 1 and October 1, so that all shares of common stock underlying the option vested and became exercisable on January 1, 2018.